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WTO Posts Trade Policy Review of Canada
June 18, 2019 |Americas

The World Trade Organization posted a trade policy review of Canada by the WTO Secretariat. The review is dated April 17 but was recently publicly released by the WTO. The review includes a broad look at many ongoing efforts on trade, including an update to NAFTA. "Canada is now following its domestic processes towards the timely ratification and implementation of the Agreement with a view to strengthening our commercial relationship with the United States and Mexico and providing important stability and predictability for Canadian businesses and workers," Canada said in its policy statement that accompanies the WTO review.

China Resumes Imports of Bovines From Brazil
June 18, 2019 |Americas

China has resumed accepting imports of beef from Brazil, after having suspended them on June 3 after a case of bovine spongiform encephalopathy turned up in the Brazilian state of Mato Grasso (see 1906040066), according to a June 13 press release from the Brazilian Ministry of Agriculture. China is the only one of Brazil’s trading partners that has a policy of suspending imports when cases of atypical BSE are found, and Brazil’s Agriculture Minister said she will continue negotiating a new protocol with China, the press release said.

Argentina Adopts Product Standards for Sunglasses, Glasses Frames
June 14, 2019 |Americas

Argentina is adopting new product standards for sunglasses and glasses frames, it said a notice published June 12 in the Boletin Oficial of the Argentine Republic. Effective Dec. 9, imported and domestically produced sunglasses and glasses frames must comply with the international standards ISO 12312-1 and ISO 12870, respectively. Exempt from the new product standards are certain toy glasses, certain eye protection equipment including for sports (such as ski goggles) and sunbeds, medically prescribed glasses for reducing solar radiation and products for direct observation of the sun (such as glasses for viewing solar eclipses). The new product standards include marking and warning label requirements, the Hong Kong Trade Development Council said in an alert. Importers may certify compliance through Dec. 8, 2022, but after that date must demonstrate compliance with reports prepared by an accredited lab, HKTDC said.

Mexican Business Group Chair Says No Ag Export Deal With U.S.; Expects 'Roller Coaster' as Election Approaches
June 12, 2019 |Americas

The chairman of a committee on trade negotiations made up of major Mexican business groups said June 10 that he knows of no deal to guarantee U.S. exports of agricultural products to Mexico, according to a report in the Mexican newspaper Milenio. Moises Kalach, chair of the Strategic Consultative Council on International Negotiations of Mexico’s Business Coordination Council, told the newspaper that “the information that we have is that there is no business agreement, nor export limits, nor purchases of American products; the deal is solely on topics related to immigration.” Kalach said there’s no way to make such a deal because private companies buy American goods, and there’s no way to obligate them to buy them.

Much of Canada's Trade Prospects Hinge on US Action; CPTPP, CETA Seen as Major Opportunities
June 12, 2019 |Americas

The future for international trade with Canada is closely aligned with what will happen in the U.S. on several fronts, Canada-based law firm Bennett Jones said in its spring 2019 economic outlook report. The likelihood of passing an updated NAFTA recently got a boost through the end to U.S. tariffs on steel and aluminum from Canada and Mexico and the retaliatory tariffs from those two countries, the law firm said. Still, the U.S. said it expects monitoring and surge prevention related to steel and aluminum, though it remains unclear exactly how this will occur. "It is not unlikely that difficult bilateral discussions still lie ahead, although it is to be hoped that the Americans would not readily reimpose these tariffs," the firm said.